Foreign Tuffett Posted June 12, 2019 Share Posted June 12, 2019 https://www.bloomberg.com/news/articles/2019-06-12/defense-abuses-like-9-400-markup-on-parts-targeted-in-new-bill Link to comment Share on other sites More sharing options...
walkie518 Posted June 12, 2019 Share Posted June 12, 2019 they just increased the threshold on the grounds that doing so would create a more competitive environment for small business?! this is a little backwards...going to be like plugging a hole in a sinking boat? I bet the cost of parts on the uptake moves materially higher on the initial bid ... Link to comment Share on other sites More sharing options...
Spekulatius Posted June 12, 2019 Share Posted June 12, 2019 they just increased the threshold on the grounds that doing so would create a more competitive environment for small business?! this is a little backwards...going to be like plugging a hole in a sinking boat? I bet the cost of parts on the uptake moves materially higher on the initial bid ... Sector needs more competition. At least they should block these guys from future acquisitions and they should probably encourage bids from smaller competitors. I think they have all the tools they need to get this done, they just need to execute on this. The purchasing managers of the army/navy/air force often don’t exercise their power, because they are looking at a 2nd career Job in the same industry. It’s a clubby business. Link to comment Share on other sites More sharing options...
Liberty Posted June 19, 2019 Share Posted June 19, 2019 New Scuttleblurb post on TDG (subscription required): https://www.scuttleblurb.com/tdg/ Link to comment Share on other sites More sharing options...
Liberty Posted July 22, 2019 Share Posted July 22, 2019 http://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-group-plans-divest-souriau-sunbank-connection TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today that it has received a binding offer pursuant to a put option agreement (the "Put Agreement") from Eaton Corporation plc (NYSE:ETN) for the acquisition by Eaton of the business of Souriau-Sunbank Connection Technologies (Souriau-Sunbank) in a transaction valued at approximately $920 million. Pursuant to the terms of the Put Agreement, after completion of the consultation process with Souriau's French works councils, TransDigm (through its subsidiaries) will have the right to require Eaton to enter into a securities purchase agreement providing for the purchase by Eaton of the shares of the Souriau-Sunbank companies. In addition to the consultation with Souriau's French works councils, the transaction is subject to execution and delivery of the securities purchase agreement and other definitive agreements and customary closing conditions, including receipt of required regulatory approvals. Link to comment Share on other sites More sharing options...
ValueMaven Posted September 22, 2019 Share Posted September 22, 2019 wow this thing has really run up. Remarkable actually Link to comment Share on other sites More sharing options...
khturbo Posted September 24, 2019 Share Posted September 24, 2019 Market is starting to realize just how accretive the ESL deal is going to be, I think. I was surprised it wasn't up a lot on the initial announcement given their track record on improvements on M&A. Link to comment Share on other sites More sharing options...
ValueMaven Posted January 13, 2020 Share Posted January 13, 2020 anyone have any updated thoughts on TDG from a valuation and/or business perspective? Trading at 26x EBITDA (!) I get it: management, compounder, margin improvement with very low float ... but wow --- this thing is stretched. What is the next catalyst higher?? Link to comment Share on other sites More sharing options...
cmlber Posted January 13, 2020 Share Posted January 13, 2020 anyone have any updated thoughts on TDG from a valuation and/or business perspective? Trading at 26x EBITDA (!) I get it: management, compounder, margin improvement with very low float ... but wow --- this thing is stretched. What is the next catalyst higher?? Not sure what #s you're looking at, I have it at about 26x FY20 earnings, not EBITDA. I think business as usual is the catalyst higher: 3-4% price, 3-4% volume, + some margin expansion and layer on leverage and special dividends. Link to comment Share on other sites More sharing options...
5xEBITDA Posted January 13, 2020 Share Posted January 13, 2020 16.5x fwd. EV / EBITDA per BBG. Link to comment Share on other sites More sharing options...
ValueMaven Posted March 1, 2020 Share Posted March 1, 2020 Anyone warming up to this name? Has gotten KILLED...down over $100 in less than 10 days. Link to comment Share on other sites More sharing options...
peterHK Posted March 1, 2020 Share Posted March 1, 2020 I mean $100 on a $650 stock is less than 15%. Not really "killed" considering its levered 6x... But yes, I picked some up at $525 on Friday. Link to comment Share on other sites More sharing options...
ValueMaven Posted March 17, 2020 Share Posted March 17, 2020 wow this thing has gotten killed ... Link to comment Share on other sites More sharing options...
Pondside47 Posted March 18, 2020 Share Posted March 18, 2020 wow this thing has gotten killed ... This vs Heico. One is extremely levered, both are down 50% from high trading at same p/e ratio... Link to comment Share on other sites More sharing options...
AzCactus Posted March 18, 2020 Share Posted March 18, 2020 wowza down another ~30% today. Did any news come out or is this just part of the crazy market we are in ? Link to comment Share on other sites More sharing options...
Gamecock-YT Posted March 18, 2020 Share Posted March 18, 2020 wowza down another ~30% today. Did any news come out or is this just part of the crazy market we are in ? Leverage cuts both ways. Compound that with planes getting parked in the desert and orders being deferred. Link to comment Share on other sites More sharing options...
chrispy Posted March 28, 2020 Share Posted March 28, 2020 Lots of insider buying including a director buying 250m at a higher price then today https://shareseer.com/insiders?q=TRANSDIGM+GROUP+INC Link to comment Share on other sites More sharing options...
winjitsu Posted March 30, 2020 Share Posted March 30, 2020 Lots of insider buying including a director buying 250m at a higher price then today https://shareseer.com/insiders?q=TRANSDIGM+GROUP+INC It's his investment fund that he runs (Berkshire Partners), not him personally. Link to comment Share on other sites More sharing options...
chrispy Posted March 30, 2020 Share Posted March 30, 2020 Thanks for the correction - that seems more reasonable. Link to comment Share on other sites More sharing options...
Liberty Posted April 2, 2020 Share Posted April 2, 2020 https://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-announces-cost-mitigation-efforts Link to comment Share on other sites More sharing options...
Liberty Posted September 15, 2020 Share Posted September 15, 2020 Found this writeup on TDG: https://yhamiltonblog.substack.com/p/agb-20204-transdigm-group-tdg Link to comment Share on other sites More sharing options...
henrysalt Posted September 19, 2020 Share Posted September 19, 2020 Berkshire Partners buys another $68MM this week: https://shareseer.com/insiders?q=TRANSDIGM+GROUP+INC Link to comment Share on other sites More sharing options...
Gamecock-YT Posted September 20, 2020 Share Posted September 20, 2020 Berkshire Partners buys another $68MM this week: https://shareseer.com/insiders?q=TRANSDIGM+GROUP+INC some fairly large insider sells this week too, an EVP sold $33MM. Link to comment Share on other sites More sharing options...
Liberty Posted November 24, 2020 Share Posted November 24, 2020 http://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-announces-acquisition-cobham-aero-connectivity-and TransDigm Group Incorporated (NYSE: TDG) today announced it has entered into a definitive agreement to acquire Cobham Aero Connectivity ("CAC" or "the Company") for approximately $965 million in cash, including tax benefits. Additionally, TransDigm provided an update with regard to its previously announced plans to potentially divest a select number of defense-oriented operating units that were acquired as part of the Esterline acquisition. Link to comment Share on other sites More sharing options...
ValueMaven Posted August 18, 2021 Share Posted August 18, 2021 Started a very small position this AM after watching this name for nearly a decade. The UK takeover battle with Parker has me very interested. This is a sizable deal if they can get it done. https://www.ft.com/content/c7c81016-61c4-4f65-b33b-e16d3b427297 Link to comment Share on other sites More sharing options...
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